The Bucks borrowed $55 million from the NBA… last year

18 Comments

The Milwaukee Bucks are a pretty good example of the market struggles facing smaller-market owners in the NBA. It’s not like owner Herb Kohl hasn’t hired good people. John Hammond and Scott Skiles are both very good at their respective positions. And it’s not like Kohl hasn’t spent money on players. From Michael Redd to John Salmons to Drew Gooden to Andrew Bogut, the Bucks have kept the purse strings loose to try and build a winner. But the market simply hasn’t been great without the ability to convince fans they can compete for a championship (with good reason). And as a result, the Bucks have lost quite a bit of money. And it would appear the Bucks have tapped the league for quite a bit of help to cover themselves for the red line present and future.

From the Milwaukee Journal-Sentinel:

U.S. Sen. Herb Kohl, owner of the Milwaukee Bucks, borrowed at least $55 million last year from the NBA’s credit facility, according to his Senate financial disclosure form.

Disclosure rules in the Senate do not require senators to disclose the exact amount of their investments, assets and liabilities. But the records indicate that Kohl borrowed at least $55 million in three separate loans in behalf of the Bucks.

The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility.

via Kohl borrowed from NBA – JSOnline.

The Journal notes that taking the loan doesn’t necessarily mean that the team lost money. But considering Kohl has openly said the Bucks have lost money and their status in Forbes’ franchise-value list, it’s a pretty good bet. That’s quite a bit of cash for one franchise, and with Kohl deciding not to run for re-election in 2012, you have to wonder if eventually Kohl won’t be the one writing checks, or applying for loans on behalf of the Bucks.

It’s probable that Kohl would look to sell the team to a local ownership group to keep the team in Milwaukee, but considering that kind of red ink on the books, it might be difficult. Meanwhile, expect ownership to use this kind of information to squeeze the players, using it as evidence of their enormous losses over the past several years while the players continue to respond in saying that revenue sharing and other venues will solve the problem and no one really having a conversation about it.

It’s hard to pinpoint anything Kohl’s done to put himself in this situation. The Bucks have made their fair share of poor moves, player-wise, management-wise, coaching-wise over the past few years, but they’ve been respectable. Everyone points to the Knicks’ failures to win a title as evidence the system doesn’t favor big market teams, but a look at the larger markets’ black ink compared to cases like this shows there’s enough there to support the idea of the system being broken.

Only question is how long it will take to fix it.

(HT: IamaGM.com)

Another LeBron James mural vandalized in Los Angeles

Via Twitter
4 Comments

Most of Los Angeles — and the vast majority of Lakers fans — are fired up that LeBron James is coming to Los Angeles. They see a return to glory for the franchise (well, once they get the rest of the roster right… sorry Lance Stephenson).

However, there is a segment — particularly the die-hard Kobe fans — who are having trouble assimilating to the new reality.

So when an artist did a LeBron James mural near Venice in Los Angeles recently — a really well-done tribute — it was quickly vandalized. Then eventually covered up.

This week another artist did another impressive LeBron/Lakers mural — this one with LeBron looking up at the Lakers’ legends — and once again, it was vandalized.

I’m not shocked by any of this, but it is depressing. If you’re vandalizing art, you are a cowardly buffoon.

There’s no way to really know the motivation behind the second attack, although the smart money is on it being the same as the first one — a few people think they are protecting the Lakers’ brand by not welcoming the best player on the planet to a team that hasn’t made the playoffs in five years. It’s incredibly flawed logic, but frankly flawed logic has become trendy in recent years, it can get you elected to all kinds of offices.

Credit real Lakers fans who showed up to help fix this.

AP Source: Thunder trading Dakari Johnson to Orlando

Getty Images
Leave a comment

OKLAHOMA CITY (AP) — The Oklahoma City Thunder are trading reserve center Dakari Johnson to the Orlando Magic.

A person with knowledge of the details confirmed the move to The Associated Press on Friday. The person spoke on the condition of anonymity because he was not authorized to discuss the situation publicly.

Yahoo Sports, which first reported the deal, said Oklahoma City will get guard Rodney Purvis in the deal. Purvis averaged 6.0 points and 1.7 rebounds in 16 appearances for the Magic last season. The Orlando Sentinel said the Thunder also sent cash to the Magic.

Johnson played 31 games last season for the Thunder with six starts. He averaged 1.8 points and 1.1 rebounds per game. The 7-footer averaged 23.3 points and 10.3 rebounds in 10 games for the Oklahoma City Blue, the Thunder’s G-League affiliate, last season.

Center Alex Len reportedly reaches contract deal with Atlanta

Getty Images
2 Comments

Five years ago, the Phoenix Suns had just drafted Alex Len at No. 5 overall and thought he would be the big man in the middle the team would build around. It didn’t work out that way, he never averaged double figures in either scoring or rebounding for a season. While Len has said he thought he was not used correctly, and there has been plenty of change and inconsistency in Phoenix, he never grabbed hold of the top job, either.

When the Suns drafted Deandre Ayton No. 1 last June, there was no chance they were bringing back Len next season. The unrestricted free agent is headed to Atlanta instead, reports Shams Charania of The Vertical at Yahoo Sports.

Free-agent center Alex Len has agreed to a two-year, $8.5 million deal with the Atlanta Hawks, league sources told Yahoo Sports.

Len received interest from several teams in recent days before finalizing an agreement with the Hawks on Saturday.

Len is not going to space the floor, 73 percent of his shots came at the rim last season, but he’s become an efficient finisher there. He is good as a roll man, will work off the ball, and can post guys up on offense. He’s also strong on the offensive glass and gets points via putbacks. His game is not that of a modern NBA center, but he’s become efficient at what he does.

Len is going to have to earn his minutes in the ATL, rebuilding team or not there is some quality along the front line. John Collins, who made the All-Rookie team last season and was one of the standouts of Summer League, will start up front, possibly at the four with Dewayne Dedmon at the five. The just-drafted Omari Spellman showed potential at Summer League and could be the backup four, which means Len gets the backup center minutes.

Len is getting his new chance on a team that can give him some run, we’ll see if a change of scenery is what he needed.

Gordon Hayward posts new workout video, he is moving pretty well

3 Comments

Player workout videos on Instagram are a lot like how your life (or, your parent’s life) appears on Facebook — everyone looks their best, is always having fun and doing something interesting, and the daily grime of life has been scrubbed away.

That said, Boston’s Gordon Hayward looks good — he seems to be moving very well — in this latest workout video he posted.

It’s a good sign to see Hayward moving like that in July, months before that reconstructed ankle needs to be put to the test on the NBA hardwood.

With Hayward and Kyrie Irving healthy, the Celtics start the season as the favorites in the East — but Toronto is a sudden, serious challenger if Kawhi Leonard is all the way back and healthy. Philadelphia is talented and in that mix as well if Joel Embiid and Ben Simmons can take strides forward with their game.

The top of the East is going to be very interesting next season.